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Home prices rise in April

Canadian home prices rose in April from March for the second consecutive month, with prices up in nine of 11 metropolitan markets, the Teranet-National Bank Composite House Price Index showed on Wednesday.

The index, which measures price changes for repeat sales of single-family homes, showed overall prices climbed 0.8 percent in April from a month earlier,
after a 0.5-percent gain in March. The index was up 5.9 percent in April from a year earlier.